Usmanov bid to buy Arsenal rejected by Kroenke

However, if the source is accurate in his belief regarding Silent Stan's pause at the offer, that represents a fissure in Kroenke's long-standing outright refusal of any offer made towards his shares in the club.

In a recent interview with Bloomberg, he claimed that the board and the main investor should "bear huge responsibility" for the club's recent slump under Arsene Wenger that has seen them miss out on Champions League qualification for the first time in two decades.

Usmanov remains interested in buying out Kroenke's 67-percent majority stake in a deal valuing the club at $2 billion, the person told The Associated Press.

"We need an owner like Abramovich, who wants to win".

Steel magnate Usmanov already had a previous bid for Arsenal rejected and has been critical of Kroenke's passive ownership style in the past.

Arsenal's poor performance has generated frustration among supporters and increased the tensions between fans and Mr Wenger. In an interview with Bloomberg last month, Usmanov said the blame for the club's performance should not rest exclusively with Wenger, but also with Kroenke and the board, from which Mr Usmanov is excluded.

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'I respect Stan Kroenke a lot.

Wenger has come in for heavy criticism following the club's failure to challenge for the Premier League title, with many fans calling for the Frenchman's departure on more than one occasion.

"Overall I believe we played since January in a very hard environment for different reasons", Wenger said.

Usmanov first acquired shares in Arsenal in 2007, when he teamed up with Farhad Moshiri to buy a 14.6% stake for £75m.

The fifth-placed Gunners face missing out on Champions League football next term.

Arsenal will play Everton in the English Premier League at 2am Monday.

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